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Fd on wife's name

Tax queries 1172 views 34 replies
@ Rashi , I will study it @ jaihari ,The year 2014 would mean financial year 2014-15 , it has been clarified in the instructions to file ITR aswell

Yes jaihari. For FY 2014-15, you have to put 2014 only

Hi,

 

I prepared my return and I have to pay around tax INR 18292/- as follows

18000/-     @ 30%
 + 168/- interest   u/s 234A
 + 124/- interest   u/s 234A

= INR 18292/-

My question is where to put INR 5000/- which I received as refund in my original returns?

If I put in B3 (Income from other sources) I have to pay tax @ 30% on this INR 5000/- refund

Can someone help?

 

or Should I deduct this INR 5K from total TDS from F.16 in TDS.1?

Will it get processed as F.16 amount may not match when IT does verification, right?

 

 

 

 

 

Kindly check the interest, it should not be u/s 234A , it should be u/s 234 B & C

Nope, refund is not your income. You do not need to consider that.

Or you can have it reviewed it.

 

Yes, you are correct. Here is my coputation (revised)

/editor_upload/1241613_20150824075458_itr_revised_01.jpg

/editor_upload/1241613_20150824075428_itr_revised_02.jpg

 

So I have to pay around 60K now.   But question remains same what to do with INR 5000/- which I received as refund in my original return?

 


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